Billionaire Warren Buffett sees 'hair trigger' when Fed ups rates

9:53 AM,
Mar. 4, 2013

Warren Buffett speaks during an interview in 2012.

Written by

Ray Goldbacher
USA TODAY

Billionaire investor Warren Buffett said on CNBC today that many money managers will be selling some investments when the Federal Reserve stops pumping extra money into the economy.

The chairman and CEO of Berkshire Hathaway says stock prices have gotten a boost from low interest rates engineered by the Fed's stimulus efforts, and it will be a "very interesting day" when it becomes clear the Fed has reversed direction.